November 2019
Beginner
394 pages
10h 31m
English
Historically, human traders implemented such rule-based trading to manually enter orders, take positions, and make profits or losses through the day. Over time, with advances in technology, they've moved from yelling in the pits to get orders executed with other pit traders, to calling up a broker and entering orders over the telephone, to having GUI applications that allow entering orders through point and click interfaces.
Such manual approaches have a lot of drawbacks – humans are slow to react to markets so they miss information or are slow to react to new information, they can't scale well or focus on multiple things at a time, humans are prone to making mistakes, they get distracted, and they feel ...